Forecasts
CBRE upgrades UK house price forecast
UK resi values are likely to 'fall marginally' in 2024, says property consultancy.
‘Rental growth has now peaked and we expect a major slowdown in 2024’, says Zoopla
'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'
Average asking prices to drop 1% in 2024, predicts Rightmove
The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Meriam Makiya: Key residential trends to watch in 2024
Buyers are becoming more discerning, and placing greater emphasis on community and amenities, writes BPSDC's resi boss.
Knight Frank upgrades global house price forecasts as ‘some prime buyers appear confident that the worst is now behind us’
'Cautious optimism is emerging as prime buyers consider economic headwinds to be easing,' says Knight Frank, as the property firm raises its outlook for international resi price growth in 2024.
Housebuilding numbers set to fall ‘significantly’ next year – Savills
Mapped: where house-building is falling short of new housing need
House prices set for ‘modest’ decline in 2024, predicts Rightmove
'It’s likely to be another muted, and in parts challenging, year for some buyers and sellers in 2024,' warns Rightmove, as the property portal identifies five trends to watch in the coming year.
UK rents to keep on rising but will hit ‘affordability ceiling’ in 2025
Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.
House prices to rise in London next year, but dip across the UK – Chestertons
Recovery will be 'slow and steady rather than spectacular', says high-profile agency.
Buying agency makes 12 predictions for the property market in 2024
From the rise of bungalows and 'my wife next door' to country hotspots and London locations, buying agents from national network Stacks have identified some of the trends they think will characterise the…
House prices likely to fall 4.7% next year – OBR
House prices are likely to bottom out at the end of 2024, before "recovering slowly" to reach their late-2022 peak level in the second half of 2027.